79 resultados para J24 - Human Capital
Resumo:
L’essence de la théorie du capital humain (Becker, 1964) prédit que l’investissement dans les activités visant à renforcer le potentiel productif des individus se traduit par une augmentation de leurs revenus tout au long de leur carrière (Benjamin, Gunderson et Riddell, 2002 : 245). Pour le groupe occupationnel constitué par les artistes, la littérature s’accorde pourtant pour dire que l’investissement en capital humain demeure rentable financièrement, mais à un niveau sensiblement moindre que pour les autres professions (Snooks, 1983; Filer, 1990; Rengers, 2002; Alper et Wassall, 2006). Nous exposons les théories du capital humain, des différences de salaire compensatoires (Smith, 1776) ainsi que la théorie hédonique des salaires (Rosen, 1974; Rosen et Thaler, 1975) afin d’atteindre deux objectifs. Premièrement, nous cherchons à vérifier empiriquement l’impact de l’acquisition de capital humain sur le revenu d’emploi autonome des artistes canadiens . Dans une autre perspective, nous souhaitons également évaluer la nature et la taille du différentiel de revenu d’emploi par rapport aux autres professions et investiguer les facteurs sur lesquels il repose. Le projet comble un vide dans la littérature portant sur les déterminants du revenu d’emploi des artistes canadiens et permet de réfléchir à l’orientation des politiques publiques culturelles entourant la formation académique de ceux-ci. Nous employons une analyse de régression multivariée sur des variables de capital humain en ayant recours aux données du recensement canadien de 2006 . Plus précisément, nous tentons de mesurer la relation associative entre le revenu de travail autonome exprimé sous forme de logarithme du salaire hebdomaire des artistes canadiens et la scolarité, l’expérience de travail, le sexe, le statut marital légal, la profession/spécialité artistique (classification selon la CNP-S, en vigueur en 2006), le statut d’immigrant, le statut de minorité visible, le fait d’être le principal soutien de la famille ainsi que la zone de résidence. Les résultats nous apprennent que la scolarité demeure rentable financièrement pour la majorité des spécialités artistiques, mais que des profils de scolarité précis ont avantage à être privilégiés selon la spécialité artistique. L’expérience de travail s’avère quant à elle moins rentable au niveau de la rémunération que chez les autres professions, tout comme elle est moins avantageuse financière pour les artistes issus des arts performatifs chez qui la carrière se termine habituellement assez tôt. En ce qui concerne l’effet des variables sociodémographiques, soulignons seulement que le fait d’être de sexe masculin est associé à de plus hauts revenus chez les artistes, mais dans une proportion moindre que chez les autres professions. Quant aux effets des statuts d’immigrant et de minorité visible sur le revenu d’emploi, ceux-ci varient mais demeurent moins pénalisants chez les artistes, ce qui suggère que le marché du travail culturel serait moins discriminant que le marché du travail traditionnel.
Resumo:
Evidence of falling wages in Catholic cities and rising wages in Protestant cities between 1500 and 1750, during the spread of literacy in the vernacular, is inconsistent with most theoretical models of economic growth. In The Protestant Ethic, Weber suggested an alternative explanation based on culture. Here, a theoretical model confirms that a small change in the subjective cost of cooperating with strangers can generate a profound transformation in trading networks. In explaining urban growth in early-modern Europe, specifications compatible with human-capital versions of the neoclassical model and endogenous-growth theory are rejected in favor of a “small-world” formulation based on the Weber thesis.
Resumo:
This paper analyzes the dynamics of wages and workers' mobility within firms with a hierarchical structure of job levels. The theoretical model proposed by Gibbons and Waldman (1999), that combines the notions of human capital accumulation, job rank assignments based on comparative advantage and learning about workers' abilities, is implemented empirically to measure the importance of these elements in explaining the wage policy of firms. Survey data from the GSOEP (German Socio-Economic Panel) are used to draw conclusions on the common features characterizing the wage policy of firms from a large sample of firms. The GSOEP survey also provides information on the worker's rank within his firm which is usually not available in other surveys. The results are consistent with non-random selection of workers onto the rungs of a job ladder. There is no direct evidence of learning about workers' unobserved abilities but the analysis reveals that unmeasured ability is an important factor driving wage dynamics. Finally, job rank effects remain significant even after controlling for measured and unmeasured characteristics.
Resumo:
The Purpose of This Article Is to Show How Costs and Benefits of Geographical Decentralization of R&D Can Be Identified and Compared. the Benefits for the Region That Receives R&D Activities Are Studied in Section 1. They Stem From the Short-Run Multiplier Effect, the Amelioration of Human Capital and the Possible Modernization of the Local Industrial Structure. on the Cost Side Examined in Section 2, the Observable Impacts of the Decentralization of R&D Concern the Loss of Returns to Scale and of the Production of the R&D Output. It Is Shown, in Section 3, That the Flows of Costs and Benefits Must Be Discounted by the Social Cost of Capital. the Main Conclusion of This Article Is That the Decentralization of R&D in a Large Sparsely Populated Country Entails Social Cost and Would Weaken Its Competitive Position in World Commerce. on the Other Hand, the Issue of Decentralization Is More Crucial for Small Countries (In Terms of Population and Economic Size) Than for Large Ones, Like the U.S., Where Critical Masses of Research Efforts Cna Be Simulataneously Attained in Many Fields and in Many Places.
Resumo:
By reporting his satisfaction with his job or any other experience, an individual does not communicate the number of utils that he feels. Instead, he expresses his posterior preference over available alternatives conditional on acquired knowledge of the past. This new interpretation of reported job satisfaction restores the power of microeconomic theory without denying the essential role of discrepancies between one’s situation and available opportunities. Posterior human wealth discrepancies are found to be the best predictor of reported job satisfaction. Static models of relative utility and other subjective well-being assumptions are all unambiguously rejected by the data, as well as an \"economic\" model in which job satisfaction is a measure of posterior human wealth. The \"posterior choice\" model readily explains why so many people usually report themselves as happy or satisfied, why both younger and older age groups are insensitive to current earning discrepancies, and why the past weighs more heavily than the present and the future.
Resumo:
In this paper, we look at how labor market conditions at different points during the tenure of individuals with firms are correlated with current earnings. Using data on individuals from the German Socioeconomic Panel for the 1985-1994 period, we find that both the contemporaneous unemployment rate and prior values of the unemployment rate are significantly correlated with current earnings, contrary to results for the American labor market. Estimated elasticities vary between 9 and 15 percent for the elasticity of earnings with respect to current unemployment rates, and between 6 and 10 percent with respect to unemployment rates at the start of current firm tenure. Moreover, whereas local unemployment rates determine levels of earnings, national rates influence contemporaneous variations in earnings. We interpret this result as evidence that German unions do, in fact, bargain over wages and employment, but that models of individualistic contracts, such as the implicit contract model, may explain some of the observed wage drift and longer-term wage movements reasonably well. Furthermore, we explore the heterogeneity of contracts over a variety of worker and job characteristics. In particular, we find evidence that contracts differ across firm size and worker type. Workers of large firms are remarkably more insulated from the job market than workers for any other type of firm, indicating the importance of internal job markets.
Resumo:
This paper examines empirically the effects of distortionary taxation on labor supply using a general equilibrium framework. The long-term relations predicted by the model are derived and tested using Canadian data between 1966 and 1993. While the cointegrating predictions of the model without taxation are rejected, the ones of the model with labor taxation are not. Persistent labor tax rate increases appear to play an important role in the observed downward trend in hours worked.
Resumo:
This paper uses a standard two-period overlapping generation model to examine the behavior of an economy where both intergenerational transfers of time and bequests are available. While bequests have been examined extensively, time transfers have received little or no attention in the literature. Assuming a log-linear utility function and a Cobb-Douglas production function, we derive an explicit solution for the dynamics and show that altruistic intergenerational time transfers can take place in presence of a binding non-negativity constraint on bequests. We also show that with either type of transfers capital is an increasing function of the intergenerational degree of altruism. However, while with time transfers the labor supply of the young increases with the degree of altruism, with bequests it may decrease
Resumo:
Traditional explanations for Western Europe's demographic growth in the High Middle Ages are unable to explain the rise in per-capita income that accompanied observed population changes. Here, we examine the hypothesis that an innovation in information technology changed the optimal structure of contracts and raised the productivity of human capital. We present historical evidence for this thesis, offer a theoretical explanation based on transaction costs, and test the theory's predictions with data on urban demographic growth. We find that the information-technology hypothesis significantly increases the capacity of the neoclassical growth model to explain European economic expansion between 1000 and 1300.
Resumo:
The following properties of the core of a one well-known: (i) the core is non-empty; (ii) the core is a lattice; and (iii) the set of unmatched agents is identical for any two matchings belonging to the core. The literature on two-sided matching focuses almost exclusively on the core and studies extensively its properties. Our main result is the following characterization of (von Neumann-Morgenstern) stable sets in one-to-one matching problem only if it is a maximal set satisfying the following properties : (a) the core is a subset of the set; (b) the set is a lattice; (c) the set of unmatched agents is identical for any two matchings belonging to the set. Furthermore, a set is a stable set if it is the unique maximal set satisfying properties (a), (b) and (c). We also show that our main result does not extend from one-to-one matching problems to many-to-one matching problems.